If you’re stuck under a mountain of debt and trying to figure out the best way out, you’re not alone. Many people in Minnesota—and across the country—struggle to choose between bankruptcy and debt settlement. Both promise relief, but they work very differently. And only one of them truly protects you from lawsuits, wage garnishments, and… Read more »
Debt Settlement vs. Bankruptcy: Which Option Will Get You Out of Debt Faster?
Deciding between debt settlement and bankruptcy can be overwhelming, but understanding the key differences can help you make the best choice for your financial future. How Debt Settlement Works In a typical debt settlement scenario, you stop paying your bills and wait for your accounts to be sold to a debt collector. At that point,… Read more »
Minnesota Shuts Down Fraudulent Debt Settlement Companies – Why Bankruptcy with Walker & Walker is a Better Option
In a recent victory for consumer protection, Minnesota Attorney General Keith Ellison has successfully shut down two fraudulent debt settlement companies, Financial Solutions Group and Accelerated Debt Settlement, that misled consumers and illegally collected over $1 million in fees. Under a settlement agreement, the companies must cease operations in Minnesota and provide full refunds to… Read more »
What Kinds of Debt Can and Cannot Be Discharged in Minnesota Bankruptcy?
Minnesota Bankruptcy Lawyers Fighting For You If you are considering filing for bankruptcy, you probably have many questions. Often, our clients ask us what kinds of debts can and cannot be discharged. Other clients want to know what we mean when we say certain debts can be discharged. First, we’ll clarify what discharging debts means… Read more »
What Happens to Your Debt After You Die in Minnesota?
Walker & Walker Can Help You With Bankruptcy For many in Minnesota it feels like debt is something you just can’t escape. By the time you pay off a car, it is so old you need to buy a new one with a new car payment or to pay off one credit card, you have… Read more »
Why Homeowners With Bad Debt Should Use Bankruptcy to Avoid Home Equity Loans
Minnesota homeowners with bad debt should use bankruptcy to avoid home equity loans. As Minnesota bankruptcy attorneys, we’re bound to say that though, aren’t we? But here’s why. MINNESOTA LAWS ARE VERY FAVORABLE TO HOMEOWNERS In Minnesota, it is almost impossible for a debt that isn’t a mortgage to take your home. The Minnesota Homestead… Read more »
